Arctos Petroleum Corp275 999-8 Street S.W., T2R-1J5, Calgary, Alberta, Canada

Arctos Petroleum Corp. “the Company” is pleased to announce the successful amalgamation between Spearhead Resources Inc. and Camflo International Inc. The Company will be called for trading on the TSX Venture Exchange, under the symbol APO, on Monday October 4, 2004. The Company will hold in excess of 80,000 acres with an average working interest of 55%. The Company operates over 60% of its core areas. These core areas are Joffre, Alexander, Prairie River, Rainbow Lake, Suffield, Snipe Lake and McGowan. Joffre, Alexander, Rainbow Lake, Suffield and McGowan are light oil properties. Prairie River and Snipe Lake have natural gas production. The production is split 70% light oil and 30% natural gas